Unitech’s top bosses were acquitted in the cheating case by a Delhi court on Thursday when the complainants agreed to compound the case.

Unitech Cyber Park in Gurgaon. The real estate company’s top bosses have been let off in a cheating case by a Delhi court after the complainants agreed to compound the case. (HT Photo)

Unitech’s top bosses were acquitted in the cheating case by a Delhi court on Thursday when the complainants agreed to compound the case.

Ramesh, Sanjay and Ajay Chandra, who had on Monday been sent to jail by a magistrate’s court and subsequently bailed out by a sessions court on the same day, were let off after the magistrate’s court noted that “offence of Section 420 (cheating) have been compounded.”

However, it was touch and go for the Unitech bosses, when, earlier in the day the sessions court that granted their interim bail pulled them up for not settling the case till they had been sent to prison.

“You gave assurances and then ran away. You don’t act till the time a situation of sending you to jail arises. What about the money of hundreds of others (investors)? When will that be settled?” asked additional sessions judge Vimal Kumar Yadav who had on Monday granted interim bail to the accused.

The court’s remarks came when the top officials, who appeared before it on expiry of three-day interim bail in a cheating case, told the court that they settled the issue with complainants who wished to withdraw the complaint.

The judge then asked the officials and the complainants to move a proper application in this regard before the magisterial court concerned.

The application was then filed before additional chief metropolitan magistrate Gaurav Rao who allowed the two investors, Sanjay Kalra and Devesh Wadhwa, to withdraw their complaint of alleged cheating after they informed that their dues were cleared by the company.